Because it is cutting-edge technology. The private markets can be a part of every solution we have that we're seeing today. Invest better with The Motley Fool. WebAppharvest (: ) is owned by 29.32% institutional shareholders, 30.67% Appharvest 40.01% retail investors. We're building large facilities to grow fruit and vegetables running completely on recycled rainwater using LED lights, software, and sensors. Recently, I had the opportunity to chat with Jonathan about the growing opportunity in the AgTech space. That lowers transportation costs by 75%, allowing AppHarvest's fresher produce to better compete against low-cost foreign imports. Jonathan Webb's Appharvest shares are currently valued at $20.96M. But if you look at all the problems in the agriculture system, this industry really solves most of those problems. The private markets don't need to be a part of the problem, but we can't just be quarterly earnings focused. Of course, the future is what really matters. AppHarvest which raised $28 million in its Series C round in August is launching what it describes as the worlds largest greenhouse later this year, consisting of a 2.76 million square foot facility in Morehead, Kentucky. Were investing heavily But for us, it's not a back-and-forth, it's not OK, well, I'm going to invest in an ESG company and I'm going to sacrifice profitability. If you look at the grocery and then you go, wait a second. We love DC, but we don't want to just be selling to the high-end restaurants in DC. AppHarvest Founder & CEO on company's public debut via SPAC Its service leadership; our team does not work for me, I work for our team., To that effect, hes imparted a lesson to each of his team members: Every day, help five people. We're building these facilities here where we can access markets and get to about three-quarters of the U.S. on a day drive. Jonathan Webb is the Founder and CEO of AppHarvest, a company that combines conventional agricultural techniques with cutting-edge technology to address key issues including improving access for all to nutritious food, farming more sustainably, building a homegrown foods supply, and more.
Douglas Eugene Franco Net Worth, Articles J
Douglas Eugene Franco Net Worth, Articles J
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